$BEN (Franklin Resources, Inc.)

$BEN {{ '2015-11-25T13:18:48+0000' | timeago}} • SEC

Cash and cash equivalents at FY15-end rose 9.4% to $8.184Bil from the same period last year primarily due to net cash provided by operating and investing activities, partially offset by net cash used in financing activities. $BEN's U.S. operations held 33% of cash and cash equivalents while the non-U.S. operations held 67% at Sept. 30, 2015.

$BEN {{ '2017-06-14T21:25:18+0000' | timeago}} • Announcement

$BEN announced a quarterly cash dividend of $0.20 per share payable on July 14, 2017 to stockholders of record holding shares of common stock at the close of business on June 30, 2017.

$BEN {{ '2017-04-28T19:47:17+0000' | timeago}} • Webcast

$BEN anticipates a 3% decrease in operating expenses for 2017. This would include compensation and G&A but would exclude the sales distribution expense line.

$BEN {{ '2017-04-28T19:44:18+0000' | timeago}} • Webcast

$BEN said it saw a big improvement in retail sales growth during 2Q17. On the international side, the company believes there were net inflows, excluding the lumpier institutional redemptions. Global bonds, from a retail side, saw improvement. $BEN is also seeing improvement in redemptions and flows in Europe.

$BEN {{ '2017-04-28T14:31:41+0000' | timeago}} • Announcement

At 2Q17 end, $BEN's cash and cash equivalents and investments were $9.7Bil. Total stockholders’ equity was $12.5Bil, and Franklin Resources had 562.1MM shares of common stock outstanding. During the quarter, $BEN repurchased 4.0MM shares for a total cost of $166.8MM.

$BEN {{ '2017-04-28T14:26:46+0000' | timeago}} • Announcement

Operating revenues at $BEN went down 1% to $1.6Bil in 2Q17, as it posted a 17% jump in net attributable income of $420.7MM from last year's $360.4MM. Earnings rose 21% to $0.74 per diluted share, ending the quarter with total assets under management of $740.0Bil.

$BEN {{ '2017-03-09T13:21:46+0000' | timeago}} • Announcement

$BEN reported preliminary month-end assets under management by its subsidiaries of $738.2Bil at Feb. 28, 2017, compared to $728.8Bil at Jan. 31, 2017, and $714.0Bil at Feb. 29, 2016.

$BEN {{ '2017-02-16T13:59:13+0000' | timeago}} • Announcement

The BoD of $BEN increased the quarterly cash dividend by 11% YoY to $0.20 per share. This dividend is  payable on April 13, 2017 to stockholders of record as of March 31, 2017.

$BEN {{ '2017-02-07T22:30:50+0000' | timeago}} • Announcement

$BEN said the team from AlphaParity, a risk premia investment firm, will join its Franklin Templeton Solutions platform. The transaction is expected to be completed later this month. Terms of the transaction were not disclosed.

$BEN {{ '2017-01-27T16:44:00+0000' | timeago}} • Webcast

$BEN said that the company is seeing positive signs in the traditional business in terms of sales. Global equity sales were good in 1Q17, but the company is seeing gradual pressure on the effective fee rate. However, $BEN believes that it is not going to be significant. Going forward, the company expects its effective fee rate to come down a bit.

$BEN {{ '2017-01-27T16:17:56+0000' | timeago}} • Webcast

$BEN's investment performance against peers and benchmarks improved significantly in 1Q17, and the company is seeing some early signs in flow improvement.

$BEN {{ '2017-01-27T13:48:44+0000' | timeago}} • Announcement

$BEN's CEO Greg Johnson said the impact of rising rates during 1Q17 was felt across geographies and sectors, and contributed to shifts in market leadership in a number of areas. Improved performance across board validates $BEN's sound, long-term investment approach and belief in importance of active management, Johnson added.

$BEN {{ '2017-01-27T13:46:54+0000' | timeago}} • Announcement

$BEN's total assets under management (AUM) were $720Bil at Dec. 31, 2016, down $13.3Bil during the quarter primarily due to $14.4Bil of net outflows. Total stockholders' equity was $12.2Bil at Dec. 31, 2016 compared to $12.5Bil at Sept. 30, 2016.

$BEN {{ '2017-01-27T13:45:04+0000' | timeago}} • Announcement

$BEN reported a 2% decline in 1Q17 earnings due to lower revenue . Net income fell to $440.2MM from $447.8MM last year, while EPS rose to $0.77 from $0.74 on lower average shares outstanding. Revenues dropped 11% to $1.56Bil.

$BEN {{ '2017-01-11T17:36:31+0000' | timeago}} • Announcement

$BEN reported preliminary month-end assets under management by its subsidiaries of $720.0Bil at Dec. 31, 2016, compared to $714.4Bil at Nov. 30, 2016, and $763.9Bil at Dec. 31, 2015.

$BEN {{ '2016-12-15T14:40:42+0000' | timeago}} • Announcement

$BEN announced that Co-President Vijay C. Advani will be leaving the company December 31, 2016, and Co-President Jennifer M. Johnson will continue as President. Mr. Advani plans to join TIAA Global Asset Management as president and chief operating officer.

$BEN {{ '2016-12-13T22:11:59+0000' | timeago}} • Announcement

$BEN announced a quarterly cash dividend of $0.20 per share, payable on Jan. 13, 2017 to stockholders of record as at the close of business on Dec. 30, 2016.

$BEN {{ '2016-11-09T12:41:08+0000' | timeago}} • Announcement

$BEN's preliminary month-end assets under management by its subsidiaries were $723Bil at Oct. 31, 2016. This compared to $733.3Bil at Sept. 30, 2016, and $801.1Bil at Oct. 31, 2015.

$BEN {{ '2016-10-26T16:27:34+0000' | timeago}} • Webcast

$BEN reported that international retail sales improved in 4Q16, helped by pickup in demand from clients in Asia and parts of Europe for range of strategies. $BEN's variable annuity business in U.S. has been under pressure for the past two years, due to some of its insurance partners exiting the business.

$BEN {{ '2016-10-26T14:07:43+0000' | timeago}} • Announcement

Global investment management holding company $BEN preliminarily reported 4Q16 net income of $472.1MM, or $0.82 per share, up from $358.2MM or $0.59 per share a year ago. Total assets under management were $733.3Bil at September 30, up $1.2Bil during the quarter primarily due to $24.4Bil of market appreciation.

$BEN {{ '2016-07-28T21:10:28+0000' | timeago}} • Webcast

Alex Blostein of Goldman Sachs asks on next year's expense run rate. CFO Kenneth Lewis said that for 2017, $BEN expects the expenses to be flat to slightly down versus the current year expenses. He also added that it's little early to give definitive guidance because of some of the cost-cutting initiatives are multiyear in nature.

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